SHANGHAI, March 11 (Reuters) - Eli Lilly ( LLY ) plans
to invest $3 billion in China over the next decade, which will
help build production capacity for its experimental type-2
diabetes and obesity treatment orforglipron, the U.S. drugmaker
said in a statement on Wednesday.
The company submitted a marketing application for orforglipron
to China's drug regulator at the end of 2025, Lilly said in its
statement on WeChat.
Orforglipron, Lilly's once-daily oral non-peptide GLP-1 agonist,
helped overweight adults without diabetes lose 12.4% of their
body weight over 72 weeks at the highest dose in a late-stage
trial.
In another study, orforglipron helped maintain weight loss in
patients switching from its GLP-1 injection, known as Zepbound
in the U.S., and rival Novo Nordisk's Wegovy.
Lilly also aims to establish a localised manufacturing and
supply system for oral solid dosage forms, the statement said.
The company is the latest Western healthcare firm to
announce additional manufacturing investment plans in China,
following the likes of Haleon ( HLN ) and AstraZeneca ( AZN )
earlier this year.
Lilly's announcement comes ahead of a summit between U.S.
President Donald Trump and China's Xi Jinping this month.
Not all drugmakers are pursuing this path, however.
U.S. group Bristol Myers Squibb ( BMY ) said in September it had
signed an agreement to sell its 60% ownership stake in a
pharmaceutical joint venture in China. A manufacturing facility
in Shanghai was part of that venture.